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Part IV : Items of General Interest

By United States Department of the Treasury

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Book Id: WPLBN0000234419
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2006

Title: Part IV : Items of General Interest  
Author: United States Department of the Treasury
Language: English
Subject: Government publications, Tax & accounting series, Internal Revenue Service publication
Collections: Government Library Collection, U.S. Department of the Internal Revenue Service
Publication Date:
Publisher: United States Department of the Treasury, Internal Revenue Service


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Service, I. R. (n.d.). Part IV : Items of General Interest. Retrieved from

Excerpt: The saver?s credit is a nonrefundable income tax credit for certain taxpayers with adjusted gross income that does not exceed $50,000. It is equal to a specified percentage of certain employee contributions made to an employer-sponsored retirement plan or of certain individual or spousal contributions to an individual retirement arrangement (IRA) for taxable years beginning after December 31, 2001, and before January 1, 2007. The saver?s credit is contained in 25B of the Internal Revenue Code, which was added by section 618 of the Economic Growth and Tax Relief Reconciliation Act of 2001.


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